Documents & Reports

Kenya can be one of Africa's success stories. Its outlook is one of hope and positive prospects, with huge development opportunities combined with substantial challenges. It holds great potential including its expanding and youthful population; dynamic... See More +Kenya can be one of Africa's success stories. Its outlook is one of hope and positive prospects, with huge development opportunities combined with substantial challenges. It holds great potential including its expanding and youthful population; dynamic private sector; a platform for change laid down by the new Constitution and recent peaceful elections; and its pivotal role within East Africa and further afield. Yet Kenya's poverty rate remains high and governance concerns persist. Growth, while solid, has been constrained by low investment and low firm-level productivity and has yet to take off at the rapid, sustained rates needed to transform the lives of ordinary citizens. This World Bank Group (WBG) Country Partnership Strategy (CPS) draws on a fruitful relationship established over several decades. It sets out how the combined resources of the World Bank, IFC, and MIGA can, in line with the WBG's twin goals of eliminating extreme poverty by 2030 and boosting shared prosperity, best help Kenya rapidly reduce poverty and fulfill its ambitions of becoming a modern economy in which growing prosperity is shared across all communities.
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